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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Nancy who wrote (13444)	2/20/2004 2:08:05 PM
From: Return to Sender	Respond to of 95713

Yes, it (the 10% stretch) has been that good about predicting a bottom but in almost every case there is also confirmation from a much smaller number than usual in the NASDAQ New Highs ratio and related oscillators. We also almost always see the SOX/SMH penetrate the lower Bollinger Band with an RSI below 40 when a bottom is put in. The last one which failed to break us back up to new highs had a very low reading of 37.4 on the RSI reading at the bottom: investorshub.com Note that the total put to call ratio has now fallen back to only 0.93. The VIX and VXO need to rise a lot more to be stretched 10% above their respective 10 day sma's too. It will happen but probably not until Tuesday at the earliest. RtS